Diamond Trust Bank

Diamond Trust Bank Uganda Limited (DTBUL) is a commercial bank that prides itself in providing reliable financial services to the people of Uganda. It is headquartered in Uganda and is licensed and supervised by the Bank of Uganda, the central bank and national banking regulator. The bank’s commitment to excellence has enabled it to grow into one of the largest financial institutions in Uganda.

As at December 2018, the bank’s total assets were valued at about UGX:1.606 trillion (approximately US$438.574 million), with UGX:222.5 billion (approximately US$60.8 million) in shareholders’ equity. As of 31 December 2015, DTBUL was the seventh largest commercial bank in Uganda by assets, controlling about 4 percent of the assets in the banking industry.

The bank dates back to 1945, when it was operating as the Diamond Jubilee Investment Trust (DJIT), with its head office in Dar es Salaam, Tanzania, and branches in Mombasa, Kenya, and Kampala, Uganda. The company was initially established as a community-based finance house, dedicated towards the extension of credit to the East African Ismaili Community and the mobilization of their savings. In 1965, DJIT was split into three entities, one each in Kenya, Tanzania, and Uganda.

In 1968, Diamond Trust Properties Uganda Limited was founded as a result of the rapid economic development of post-independence Uganda. In 1972, Diamond Trust (Uganda) Limited (DTU) commenced operations as a non-bank financial institution. However, political instability led to the inactivity of DTU between 1972 and the early 1990s.

In 1995, the institution was recapitalized with the participation of the Aga Khan Fund for Economic Development and Diamond Trust Bank (Kenya) Limited. In 1997, the bank became a full-service commercial bank and was renamed Diamond Trust Bank (Uganda) Limited.

As a member of the Diamond Trust Bank Group, a large financial services provider with operations in Burundi, Kenya, Rwanda, Tanzania, and Uganda, DTBU is committed to delivering exceptional financial services to the communities they serve. Diamond Trust Bank (Kenya) Limited owns at least 56.97 percent of the shares in Diamond Trust Bank (Uganda) Limited.